Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 155.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,365 shares of the company’s stock after buying an additional 33,686 shares during the quarter. Cerity Partners LLC’s holdings in Howmet Aerospace were worth $5,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HWM. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter valued at approximately $284,539,000. TD Asset Management Inc increased its stake in Howmet Aerospace by 16.9% during the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after purchasing an additional 455,180 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Howmet Aerospace by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after buying an additional 56,614 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Howmet Aerospace by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after buying an additional 150,387 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HWM shares. Susquehanna raised their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Price Performance

NYSE HWM opened at $116.70 on Friday. The firm has a market capitalization of $47.41 billion, a PE ratio of 44.54, a P/E/G ratio of 1.56 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $51.47 and a 12 month high of $119.28. The company’s 50 day simple moving average is $106.31 and its 200 day simple moving average is $93.42.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.